**Exercise 8-28: Cash to Monthly Cash Expense Ratio****Amicus Therapeutics, Inc.** is a biopharmaceutical company that develops drugs for the treatment of various diseases, including Parkinson’s disease. Amicus Therapeutics reported the following financial data (in thousands) for three recent years:| Year | Cash and Cash Equivalents | Net Cash Flows from Operations ||--------|---------------------------|--------------------------------|| Year 3 | $79,749 | $(299,955) || Year 2 | $49,060 | $(213,965) || Year 1 | $187,026 | $(150,147) |**Tasks:**a. Determine the monthly cash expenses for Year 3, Year 2, and Year 1. Round to one decimal place.b. Determine the ratio of cash to monthly cash expenses for Year 3, Year 2, and Year 1 as of December 31. Round to one decimal place.c. Based on (a) and (b), comment on Amicus Therapeutics’ ratio of cash to monthly operating expenses for Years 1, 2, and 3.(Note: There are no graphs or diagrams to explain in this image.)

Following is the determination of monthly cash expenses for all the years: Monthly cash expenses…

EX 8-28 Cash to monthly cash expenses ratio Amicus Therapeutics, Inc., is a biopharmaceutical treatment of various diseases, including Parkinson's d the following financial data (in thousands) for three

EX 8-28 Cash to monthly cash expenses ratio Amicus Therapeutics, Inc., is a biopharmaceutical treatment of various diseases, including Parkinson's d the following financial data (in thousands) for three

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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